Hubei Chaozhuo Aviation Technology Balance Sheet Health
Financial Health criteria checks 5/6
Hubei Chaozhuo Aviation Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥35.4M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are CN¥1.6B and CN¥343.8M respectively. Hubei Chaozhuo Aviation Technology's EBIT is CN¥7.5M making its interest coverage ratio -0.6. It has cash and short-term investments of CN¥285.1M.
Key information
2.8%
Debt to equity ratio
CN¥35.37m
Debt
Interest coverage ratio | -0.6x |
Cash | CN¥285.13m |
Equity | CN¥1.27b |
Total liabilities | CN¥343.79m |
Total assets | CN¥1.61b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688237's short term assets (CN¥657.1M) exceed its short term liabilities (CN¥206.2M).
Long Term Liabilities: 688237's short term assets (CN¥657.1M) exceed its long term liabilities (CN¥137.6M).
Debt to Equity History and Analysis
Debt Level: 688237 has more cash than its total debt.
Reducing Debt: 688237's debt to equity ratio has reduced from 14.5% to 2.8% over the past 5 years.
Debt Coverage: 688237's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688237 earns more interest than it pays, so coverage of interest payments is not a concern.